151 Grove Avenue, Dayton, OH 45404

bedrooms 3
bathrooms 1
|Other
NZD $906,952
USD $514,999
Published on: 19 Sep 2026
Last updated on: 23 Sep 2026
151 Grove Avenue, Dayton, OH 45404
151 Grove Avenue, Dayton, OH 45404
151 Grove Avenue, Dayton, OH 45404
  • 3
Property ID: 110110242420
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ResidentialIncome, Dayton, OH

151 Grove Avenue, Dayton, OH 45404
OUTSTANDING INVESTMENT OPPORTUNITY! Brick two-story seven-unit multifamily property featuring seven spacious three-bedroom, one-bath townhouse apartments, each with a private exterior entrance. Current gross rental income is $6,875 per month, or $82,500 annually, providing an attractive existing income stream with potential for continued growth. Over half of the units have been remodeled in recent years, with rents as high as $1,075/month, offering investors a strong combination of current cash flow and future upside. Individual rents range from $925 to $1,075/month. Tenants pay electric and gas; owner pays water, sewer and trash. Full unfinished walkout basement provides excellent storage potential and access to the rear yard and parking. Additional off-street parking is available. Three-bedroom townhouse apartments offer strong tenant appeal and rental demand in this location. Conveniently situated in Old North Dayton, just minutes from downtown Dayton and Dayton Children's Hospital. A compelling opportunity for investors seeking established rental income, desirable unit layouts and value-add potential. *note: operating expences and NOI are averages estimated over 12 months based on some of the first 6 months performance of 2026 and do not include professional management fees or capital improvements such as remodeling of unit expences or some variable expences.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
1,173.59 m2
Building Size
1,171.14 m2
Year Built
1900
Rooms
3 bedroom(s), 1 bathroom(s)
Num Floors
2
County
Montgomery
Parcel ID
R72-05209-0026
Provider
Dayton Realtors
Subdivision
City/Dayton Rev
Brokerage Office Name
RE/MAX Real Estate Specialists
Brokerage Office Phone
(937) 305-4838
Neighbourhoods
City/Dayton Rev
Address
151 Grove Avenue, Dayton, OH 45404
Contact Agent
Philip L Herman
RE/MAX Real Estate Specialists
8000 Miller Farm Center Lane , Centerville, OH 45458
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Philip L Herman
8000 Miller Farm Center Lane , Centerville, OH 45458
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      Property ID: 110110242420

      Original Property ID: 3yd-DABROH-969165
      Data provided by Dayton Realtors, MLS #: 969165
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      Copyright © 2026 Dayton Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.